Islanders staying makes cents
No one doubts Charles Wang is losing millions on the Islanders and will continue to do so until they replace their 1970s museum piece of an arena.
But it is important in times such as these to remember a strong incentive for the team at least to remain in the New York market: its lucrative TV contract.
The Islanders’ deal with MSG runs through 2030-31, by which time Rick DiPietro might have a son with a long-term contract as their goaltender.
It is believed to pay more than $20 million per season in a deal forged in the late 1990s, when MSG sought to hold onto teams in an increasingly competitive environment.
There is little chance the Isles could match that figure in Quebec City, Kansas City or any other city.